Can you hear me now? MSouth Equity Partners is looking to make that phrase a thing of the past, putting up $80 million to back Eco-Site Inc., which is working to build towers in dense urban areas to meet increasing demand for wireless spectrum.

And a few stories exclusively available to LBO Wire subscribers:Pantheon and Commonfund Capital are both out on the market with new emerging markets focused funds . . . Jonathan Shieber has details about talks about a new venture between EnCap Flatrock Midstream and the principals of Cardinal Midstream LLC, a company the firm recently sold for $600 million.

(LBO Wire is a daily newsletter with comprehensive analysis of all the investments, deals, fundraisings and personnel moves involving private equity firms. For a two-week trial, visit our homepage, scroll to the bottom and click “try for free.”)